Richard Teng: The Foundation on Which Binance Stands Today is Stronger Than Ever!

Richard Teng has officially taken the reins as the new CEO of Binance, the world's largest cryptocurrency exchange by volume. Teng expressed profound humility and honor to step into this new role, fully understanding the responsibility that comes with the trust placed on him by Binance's 150 million users and the multitude of employees. With the backing of former CEO, Changpeng Zhao (also known as CZ) and the leadership team, Teng is primed to uphold and surpass the expectations of stakeholders while remaining committed to Binance's core mission, the freedom of money. Teng brings three decades of financial services and regulatory experience to guide Binance into the future. His focus as the new CEO will be ensuring the financial strength, security, and safety of the company in order to maintain user confidence. He also aims to foster improved relationships with regulators globally to uphold high standards that support innovation yet provide vital consumer protections. Another key objective for Teng is to collaborate with partners to drive the growth and adoption of Web3. By leveraging his wealth of experience and the robust foundation on which Binance stands today, Teng's leadership is anticipated to guide Binance into a future defined by continued innovation, collaboration, and growth. In his closing statement, Teng asserted Binance's sustainability in the market, soliciting support from users and stakeholders, and expressing eagerness for the days ahead.